LOL. That is a decent rate for the 'transactional model TT' --- Read the thread ---before you snipe--the guys is not 20k a side everyday
I'm on transactional model and currently paying just a few cents per roundturn more than I paid with Jtrader; so for me it's been a good deal
nitro is failing to take into consideration the 600-1000 USD per month Xtrader platform cost. yes, ofcourse, if one trades 1000's of contracts a month, its well worth obtaining membership and paying the fee to TT to use Xtrader. however, for us smaller traders, the transactional model is the most economic way to use this superior platform/gateway. surf
I just have no idea why someone would pay anywhere near that amount of money to lease a piece of software. I realize that I may be biased since I look at software like theirs and can duplicate it in a weekend, but even then, there are plenty of other software that can do ladders (e.g., IBs). I suppose if you are doing complex spread trading it may be worth it, but who here is doing that? nitro
if you can recommend another platform that offers immediate execution @ current prices and it is either cheaper or free and as robust as X_T please let me/us know. I would really appreciate it. I've tried PFG Direct, OEC and Tradestation 8, I was not satisfied with any of them in regards to order fill efficiency/accuracy. I am referring to e-mini futures order execution here. Thanks. EDIT: I do not trade supersize, around 1080 r/t (ES) per month at the moment, I save by paying $600 p/m licence fee and $3.70 r/t
I have used TT since day one. I was at the Cbot when it rolled out and used it off and on ever since. I also run IB with ZLT and that works ok --but not as fast as TT (nor as stable). I have used everything from a Globex terminal to the now defunct Yestrader. They all had positives and negatives. TT starts to pay for itself if you are going to lease a seat. Most guys just want to try it without paying 500 a month. That is understandable. It all depends on what you want to do. FWIW, autospreader comes with a TT pro subscription. I can't imagine trading/scalping spreads without it or something like it (there is competition out there these days but all the other software companies charge just as much when it comes to high end tools).
you can duplicate this in a weekend?? http://www.tradingtechnologies.com/xtrader.asp ok. with skills like that, you are in high demand for hedge funds writing their own applications. surfer:eek:
I have 90% of it already in place. Writting a ladder with colors and tie it to a FIX engine would probably take me a few hours. But it doesn't answer my question. Outside of autospreading, what does this program do that IBs interface doesn't do for free? You see, what I am getting at is that IBs program is not available for these people in prop firms, so they go with what is available because they have little or no choice. I should get into the trading software business - it is really uncompetitive... nitro
For spread trading or for just one future at at time? I have always thought that I should talk to guys like you and write a custom solution and lease it for 1/2 the price of the TT tools. Probably have a ton of customers.... nitro
I think Transacts platform is based on YesTrader, as the junk on my computer has Yestrader references for my Transact platform. Also I would say look at Transact, I have found it to be close enough to X Trader and without a fee for pretty minimal volume.